{"id":2039,"date":"2020-05-11T04:14:51","date_gmt":"2020-05-11T04:14:51","guid":{"rendered":"http:\/\/www.iqinvest.ca\/investors\/?page_id=2039"},"modified":"2022-04-28T03:10:51","modified_gmt":"2022-04-28T03:10:51","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.iqinvest.ca\/investors\/investor-relations\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"
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Frequently Asked Questions<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n
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Q. Who is IQInvest MIC?<\/h4>\nclick here to expand<\/strong>\" >click here to expand<\/strong><\/span>
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A. <\/strong>IQInvest Mortgage Investment Corporation, based in Toronto, Ontario, is a non-bank lender providing flexible and creative financing solutions to the real estate communities in Canada.<\/p>\n

IQInvest Mortgage Investment Corporation is a mortgage investment corporation as defined under the Income Tax Act, which is managed and administered by CWF Group Mortgages Inc. (FSRA Administrator License No. 12944 and Brokerage License No. 12786). IQInvest offers investors an opportunity to participate in a diversified portfolio of high yield Canadian residential mortgages primarily focused on owner-occupied residential real estate in Ontario in both urban and suburban markets.<\/p>\n

We are experienced professionals, with over 50 years of experience in financial investing, real estate, financial lending, legal, and business development who have come together to provide investors and borrowers an attractive investment and borrowing solution.<\/p>\n

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Q. What is the size of the MIC market?<\/h4>\nclick here to expand<\/strong>\" >click here to expand<\/strong><\/span>
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A. <\/strong>The Canadian residential mortgage market surpassed 1.6 trillion dollars in 2016. It has been growing at an annual growth rate of 7% compounded every year for the last 10 years. The Banks and Trust Companies focus on 80% of the market. Due to tighter restrictions due to the recent OSFI B-20 Guideline, the Banks and Trust Companies have restricted their lending practices. This has created a larger opportunity for MICs.<\/p>\n

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Q. How is the MIC market regulated?<\/h4>\nclick here to expand<\/strong>\" >click here to expand<\/strong><\/span>
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A. <\/strong>In the province of Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) licenses and regulates all mortgage brokers, agents, and administrators. MICs are subject to the Income Tax Act and OSC oversight.<\/p>\n

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Q. What risks are associated with investing in a MIC?<\/h4>\nclick here to expand<\/strong>\" >click here to expand<\/strong><\/span>
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A. <\/strong>All property investments are subject to elements of risk. Property value is affected by general economic conditions, local real estate markets, the attractiveness of the property to tenants, competition from other available properties, and other factors. While independent appraisals are required before MICs may make any mortgage investment, the appraised values provided therein, even where reported on an \u201cas in\u201d basis, are not necessarily always reflective of the market value of the underlying property, which may fluctuate.<\/p>\n

The MIC\u2019s income and funds available for distribution to security holders would be adversely affected if a significant number of borrowers were unable to pay their obligations. Upon default by a borrower, MICs may experience delays in enforcing its\u2019 rights as a lender and could incur costs in protecting its investment.<\/p>\n

Additional risk considerations include:<\/p>\n